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Aug 22 - 02:55 AM

EUR/USD - New 2022 Lows The Risk This Week

By Peter Stoneham  —  Aug 22 - 02:25 AM
  • New pullback low of 1.0023, EBS pricing

  • Relatively tight ranges but bearish progress made

  • Early Monday action suggests a new 2022 low on the cards this week

  • 14-week negative momentum confirming latest price drop

  • Weekly RSI is over sold and could point to a bout of consolidation

  • Danger levels for bears between 1.0185-1.0200, 21-30 DMAs and cloud base

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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